It is with deepest regret that I announce after 99,547 pot-hole filled DC miles, 73 parking tickets, 2 "snow emergency" towings, a run-in with a DC cop car and 8 sets of tires, my beloved ugly box of a car has moved on to the great smooth autobahn in the sky. It faithfully carried, without too much complaint, hundreds of happy home buyers, dozens of laughing children on car-pool runs, a few Senators, two dogs, a fish, and a moose head. 

Born from the demented brain of a Japanese designer (or schoolgirl) was one of the ugliest cars ever made. And yet, it found joy in having a normal life. When I saw the car at the dealer in 2003 I was just getting started in real estate and figured I should buy a Jag or something, right? Gotta dress for success and

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1018 Kearny St NE, Washington DC.
$639,000
Open house Sunday March 30th 1-4

4 Bedrooms * 2 full bathrooms * Large yard * Walk-up attic  * Full basement with side door *
Virtual Tour with floor plan                                 YouTube video  

Welcome to this meticulously-renovated and deeply-loved Brookland home!
Enter through the tall foyer and into the light-filled living room perfectly set up for relaxing and entertaining. A large formal dining room invites you to be the entertainer you've always wanted to be, sharing your home and culinary exploits with your friends and family. The modern, large kitchen was perfectly designed to showcase your talents and make your guests feel at home.
Upstairs, you’ll find 4 (four!) bedrooms. Really: four

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 The taxman cometh, are you ready? At this point, most DC residents should have received their brand spankin' new property tax assessments. As usual, the assessments have been received with thunderous applause....not. This is the time of year when residents, already fed up with insane winter storms, get angry that now, on top of everything else, their property taxes will be going up. 

Unless you work for the DC Office of Tax and Revenue, you probably have more than a few questions about the yearly assessment, so let's clear up some basic info. First off, the assessment is not a tax, it's simply the estimated market value of your property. It is however, the basis for the calculation of your tax bill. For those who are mathematically challenged, the

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4508 Alton Place NW, Washington DC 20016.  Listed for $885,000
Abbott Klar Real Estate Group helped our buyer client write a competitive offer on this highly desirable American University home.  There was great interest and multiple offers on this property and we were able to guide our client to writing the winning offer. 

Congratulations to our client on this great home.  We wish you many years of happiness and fond memories.

The Washington DC Real Estate market is currently a strong Sellers Market with very low inventory and lots of buyers wanting to buy in this low interest rate environment.  Serious buyers need to be prepared and competitive.  Call us, we can help.  We will share with you our in depth and local market knowledge, review the comps,

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2900 K ST NW #605, Washington, DC 20007.

Abbott Klar Real Estate group just helped our client purchase this magnificent Georgetown condo.  Simply brathtaking, with over 1,800 SF of luxury, true gourmet kitchen with high end appliances and custom Zebra wood cabinetry, gleaming wide-plank Mahogany floors and 2 car garge parking!   Large master bedroom with wall of windows and en-suite marble bath.  Massive private terrace overlooking Georgetown and Key Bridge complete the picture.

 

 Washington Real Estate Market update for January 2014.

If January is any indication of market direction for the Washington DC Real Estate market, then we are in for another very competitive year, with low inventory of homes for sale, high competition by buyers and increasing prices.  Let's take an in-depth look at the numbers from Rbi:


Every data point of comparison did better year over year. Median Sold Price is up by 11.64%, Number of closed sales are up by 6.94%, Avergage Sold price is up by 10.05% and days on market is down by 18.46%.  The Washington DC real estate market continues to show strengh and price appreciation.   This is very much a sellers market with properly presented and priced properties generating multiple offers with escalation

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Just before Christmas, something happened in DC that has not occured in over half a century: a streetcar was installed on tracks in the District. The often debated, and doubted (a city project run on time AND have enough funding? Crazy!), project finally gained some credibility. However, streetcars, in various forms, had been an integral part of city transportation for around 100 years. They began, in earnest, in 1862 as large cars on rails that were drawn by horses. The original line ran from the Capitol to the State Department, an important route as the country was embroiled in the midst of the Civil War in 1862. The streetcars saw enough success that the system was expanded by the fall of 1862 to include routes to Georgetown, the Navy Yards and the

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610 Elliott St NE.

Stop by on Sunday 1-4 to see this perfect Capitol Hill house!
 Click here for the Virtual Tour

Renovated 3 bedroom 2 bath semi-detached townhouse with all the goodies. Lots of windows, hardwood floors. granite counter tops and stainless steel appliances. Recently renovated master bathroom, wood burning fireplace, slate patio off the den and a large deck off living room. On a super cute block street just a short hop from the greatness of Atlas District and Capitol Hill.

 

 Congratulations to our buyer on this fabulous purchase on Capitol Hill.   Located on 3rd st NE, this tall Victorian Bay front home has 7 bedrooms and 3.5.  House also has a 2 bedroom rental apartment in the basement, off-street parking and a perhps the best roof deck on Capitol Hill.


The view from the roof deck includes the Capitol Dome, the Supreme Court and the Library of Congress!

We love Capitol Hill.  Our office is right across from Historic Eastern Market on 7th St SE.  Stop by for some coffee and a quick chat about the Capitol Hill housing market. We are the local real estate experts and can help you find a great home on The Hill.

According to a report released by RBi, median sales prices were up year over year by 9.6% in the DC METRO area and in Washington DC they were up by 10.2%.

If you are looking to buy a house in DC, now is the time to for action.  Home prices are clearly on the upswing, interest rates are still low (about 4.4% today for 20% down and gret credit), and inventory is picking up for the Spring.  Also read this  Washington post  article on the new rules for mortgages.
For specific home buying strategy tailored to your needs, call us today, we'll grab a quick coffee and start you on your way to homeownership.